Continue to drive Growth Stocks are poised to rally ahead of what could be the feds first rate cut since the crisis. And gaming headwinds, amd delivering a revenue warning first up, apple rising on the better than expected results iphone down from a year ago and now represent less than half of quarterly revenue for the first time in about seven years. Yeah, headlines today in the papers are staggering. New york times, apple reports declining profits and stagnant growth again wall street journal quotes richard cramer, no relation. Were these people on the same call maybe they were on the rotten apple call, i was on the straight apple call. I heard a situation where you are going to if you actually think out in the out years, it is a Service Company with the best Customer Satisfaction there is and when you get an appliance of which there are about 1. 5 billion, you are beginning to take either apple cloud or the app store, the ads, i think that you will be looking at the credit card star
The bench mark. It becomes humid. 70 is oppressive. You get higher than 70 it feels really, really lousy, now we have dewpoints in the low 60s. They will continue to lower, it will feel good later on. Satellite and radar a little bit of cloud cover kind of sneaking in from the southwest. Generally speaking well go mostly sunny, a mixture of sun and clouds, very pleasant overall high of 80 degrees. Ill focus on the heat wave when i come back in the exclusive accuweather sevenday forecast. Thank you. One day after violent thunderstorms went through the tristate area, several people are facing the damage thats left behind. The storms brought down trees and power lines and damaged homes and cars in new castle delaware, surveillance cameras captured this wild video of the storm blowing through. The strong winds ripped a part the fence along the 2000 block of new castle avenue. The wood and metal fence was pulled out of the ground and pieces of it ended up in the overhead lines. Nextdoor a r
The s p and dow end the day near session highs. It started with two names that reported earnings this morning, delta missing on revenue, that stock rallying 2 after a tough open. Then take a look at marriott, down sharply, recovering all of its losses and ending the day higher. Is the message to the market to buy stocks into earnings . Guy . The message to the market is this 2134 level is critical. You mentioned two stocks. For me, i thought the stock that really turned everything was, look at the way Deutsche Bank opened on lows and racheted back. If you overlaid the s p chart with Deutsche Bank, you see whats going on. Deutsche bank still to me is a concern. The fact that the s p still bounces off this level is i think good. The other thing that concerns me as well is the weakness in the russell is starting to get noticeable. Weve failed seemingly again at the 128 level. If iwm gets into the midteens, then i think you really have to be concerned that this s p, which has been holding
Mrs. Clinton is going to put these people out of business. We will tell you what sector he is talking about, coming up. And look out, m irylan anot epipen may appear next year, but people are worried its not what it should be. Lets start with apple. The Company Posted yearend declines for the Third Straight quarter. Were going to bring in colin gillis from bbc financial who has had a sell rating on it for a while. Colin, maybe well start with you. Did you see anything in the report, did you hear anything from tim cook that alters your view at all that the stock is still a little too high here . The issue i have with apple, and the market is also expressing by looking at their price to earnings multiple, which actually declined the tenure of tim cook while the Broader Market has gone up about 40 . Apple doesnt have that founder flame anymore. We reiterate their existing products. There are starting to become some question marks in the narratives like, will china return to growth . Will
Been under. First of all, lets talk about the issue of wall street regulation. Dodd frank. Donald trump wants to get rid of it, repeal it. Hillary clinton says she wants to strengthen it. You talk about tax rates. Key interest to lots of investors. Donald trump wants to take the top rate down from 39. 6 to 33 . Hillary clinton wants to raise it to raise revenue for all of the spending she wants to do to 43. 6 . A state tax. Another area. Donald trump wants to get rid of the estate tax. Hillary clinton wants to take the rate, currently in law, at 40 up to 65 for the wealthiest estates. That is estates with couples valued at over 1 billion. And finally, there is the issue of uncertainty, which is always a matter that wall street cares about, whenever we have a change of administrations. What kind of change would donald trump bring . Nobody can predict that with certainty. With Hillary Clinton, she is much more of a known quantity. Her husband served as president for eight years, she serv